SPAM BENEVOLENT FUND INC (EIN 264331647) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

PATRICK MCNAMARA

Phone

6175230130

Tax Period

2023-01-01 to 2023-12-31

SPAM BENEVOLENT FUND INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $374K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $137K, a strong 37% operating margin.

Mission

TO ASSIST MEMBERS - STATE POLICE TROOPERS, SERGEANTS, AND THEIR FAMILIES - IN TIMES OF NEED AND TO PROVIDE SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,475

Program Service Revenue $0

Investment Income $17,680

Other Revenue $178,134

TOTAL REVENUE $374,289

Expense Breakdown

Grants Paid $102,782

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,610

Other Expenses $134,834

TOTAL EXPENSES $237,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,289	$317,623	+0.2%
Expenses	$237,616	$213,963	+0.1%
Net Income	$136,673	$103,660	+0.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARRY ELLEN BARRY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER DONAHUE	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD HUNTER	CLERK	1.00	Officer Director	$0	$0	$0
COREY MACKEY	PRESIDENT	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$374,289	$237,616	$794,837	$136,673
2022	$317,623	$213,963	$649,392	$103,660
2021	$149,885	$123,378	$604,032	$26,507
2020	$136,265	$189,160	$601,636	$-52,895
2019	$83,955	$297,653	$675,554	$-213,698
2018	$10,393	$356,011	$945,182	$-345,618

SPAM BENEVOLENT FUND INC